Nifty opened with a Gap-up at 17330 and faced resistance around 17350 zones, we saw sharp selling in the morning session and after holding 17200 for some time but then we saw a breakdown and Nifty made a low at 17096.
Trades we took today -
> Bought Nifty 17400 PE at 230, it went above to our Last Target 280 and Traders booked profit
> Bought Nifty 17350 PE at 235, we added more at 215 which we booked around 235 due to slow movement
> Bought Nifty 17200 CE at 168, it went above to our 1st Target 188 and Traders booked profit
Overall a good day and Nifty Option Buyers booked profit.
Tomorrow, if Nifty sustains below 17090, we may see another down-move.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17200
Sell Below - 17090
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trades we took today -
> Bought Nifty 17400 PE at 230, it went above to our Last Target 280 and Traders booked profit
> Bought Nifty 17350 PE at 235, we added more at 215 which we booked around 235 due to slow movement
> Bought Nifty 17200 CE at 168, it went above to our 1st Target 188 and Traders booked profit
Overall a good day and Nifty Option Buyers booked profit.
Tomorrow, if Nifty sustains below 17090, we may see another down-move.
Expectations for Tomorrow: Range-bound Day.
Intraday Levels:
Buy Above - 17200
Sell Below - 17090
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Trade closed: target reached:
Both Sell and Buy Trade Triggered and All Tragets Done.
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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
Whatsapp @8287021744
Telegram Channel - t.me/tradepropublic
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.
